HSBC Hires de Grivel, Derrick from J.P. Morgan in Hong Kong

HSBC Holdings PLC has hired two bankers from J.P. Morgan in Hong Kong to bolster its financial institutions group, according to a memo seen by The Wall Street Journal.

The U.K. bank appointed Olivier de Grivel as head of its financial institutions group (FIG) Asia-Pacific and vice-chairman for FIG world-wide. According to the memo, Mr. de Grivel was most recently at J.P. Morgan as head of FIG in Asia, after 30 years at the Wall Street bank in Europe and Asia.

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